I haven’t been following the “Occupy Wall Street” movement very closely.
Nor have I been following the anti-occupy Wall Street denunciations at all. I saw some acknowledgment of the movement on the Sunday news shows this weekend, and the concensus of denunciation and/or dismissal by the talking heads.
I enjoyed the glee that Christiane Amanpour expressed in her sympathetic laughter at the occupy Wall Street’s representative’s comment that he was the only member of the actual working class to have historically appeared on her show.
The rational criticism that I have heard of the demonstrations is that they are only a beginning identification that something is wrong, but with limited credible framing of analysis and with limited framing of proposal for improvement.
I personally believe that the remedy for our long and short-term social ills rest in the discussion of social scales, that comprise an ecology of social scales with varying roles, possibility, importance.
Each social scale constitutes a setting for BOTH individual initiative AND for shared commonwealth.
There is sufficient commonwealth between all of the social scales (if given enough attention to be a healthy) to ensure that no individual is any irreconcilable fundamental risk (except perhaps personal health) and has a path for commerce and for principled contribution to the greater good.
The current framing of an individual’s economic and work like, is primarily, individual entity relative to “the economy”. “The economy” is global, and requires participation in the scope of institutions that can compete in the global economy. The global economy includes niches that are not of international/global scope, but over time the niches diminish, incorporated into the market of global institutions.
Globalism in that sense destroys the ecology of scales that comprise a healthy portfolio of solutions. If all of the regional solutions to food problems say are non-existent, that only the global specialized supply chain is in effect, dependent on fossil fuels in particular for transit, fertilizer and chemicals, then if there is a disruption to a primary commodity, there is then NO resilient response.
If our agricultural land is consumed by sprawl tract homes, if there is a real crisis in fossil fuel supply, if there is a new blight in mono-cropped corn fields, then we don’t have the flexibility to respond to external challenges.
If however, there is a viable and functional regional food distribution system, alongside a healthy global food distribution system, then an obstacle in one sector just diverts the supply path through a different channel. A blip rather than a catastrophe.
So, what is that we are, what is that we are part of? (to quote an Incredible String Band song from 1969).
We are part of:
Families (say the Witty’s)- With economies within families, comprising BOTH a market exchange system AND a commonwealth that all members are shareholders
Neighborhoods (say precinct 5 in Greenfield, MA under Poet’s Seat)- With economies within neighborhoods, comprising BOTH a market exchange system AND a commonwealth that all members are shareholders
Towns (say Greenfield, MA) – With economies within towns, comprising BOTH a market exchange system AND a commonwealth that all members are shareholders
Micro-regions (say Franklin County or larger the Connecticut River Valley between Springfield and Northfield)- With economies within micro-regions, comprising BOTH a market exchange system AND a commonwealth that all members are shareholders
Macro-regions (say New England) – With economies within macro-regions, comprising BOTH a market exchange system AND a commonwealth that all members are shareholders
Continental (say North America) – With economies within North America, comprising BOTH a market exchange system AND a commonwealth that all members are shareholders
Globe (say earth) – With economies within the globe, comprising BOTH a market exchange system AND a commonwealth that all members are shareholders
Right now some families function dually as both individual exchange systems and commonwealth. Some emphasize one over the other, even to the point of exclusion.
Fewer neighborhoods have really ANY organization or commonwealth or even exchange economy.
Towns have some markets, and some commonwealth in the form of municipalities, but MANY of the them are economically weak to the point of dysfunctionality, and don’t conceive of themselves as a commonwealth, but only limited constitutional obligations.
Micro-regions have some markets, but very very limited commonwealth that anyone can truly participate in. (In Massachusetts, the Boston-centric legislature determined that counties are archaic, unnecessary, an additional bureaucracy with fixed costs. That is well and good for Boston for which the suburban counties should be unified in a planning system with the Boston counties themselves. But, it does not serve Western Massachusetts well at all, for which counties are coherent governing and market scale entities.)
States are our current macro-regions, but they are residual of pre-constitutional literal states, 18th century British colonial residue.
A better form would be macro-regions. In any case, there is commonwealth and some distinct markets within states, but again, states are horridly stressed financially, and don’t often constitute a confident commonwealth, providing a safety net.
Similarly at the continental and global scale. There is some market function and some sense of commonwealth, whether distributed to individuals or universally providing capital in various forms to needed regions, communities, families.
There is a valid republican/ conservative criticism of national only setting of commonwealth and safety net. But, the criticism is only a only a partisan griping currently, and NOT a constructive proposal for an ecology of universally healthy functioning families, communities, towns, micro-regions, macro-regions, globe.
Markets AND commonwealth at each scale.
In keeping with the spirit of the changes that are going on in Society today, i.e. Occupy Wall Street and Occupy Boston …why not Occupy your own Home?
OCCUPY YOUR OWN HOME
LADIES AND GENTLEMAN, as you may very well know, we have a private, monopolistic, toxic, predatory monetary system that has corrupted many politicians, various appointed Civil Servants, officers in the Military Industrial Complex, executives in Multinational Corporations, including Bankers and their not-to-be-trusted Appraisers, Lawyers, Brokers and Real estate Agents.
One of the most predatory frauds is illegal foreclosure.
From my research into foreclosures, I found that the banks have traditionally loaned credit/money they didn’t have and collected 2.5 times the value of the loan over 30 years and were regulated by the Glass-Seagall Act of 1933. That bill was to hold banks accountable and prevent them from gambling with depositor’s money so that the banks could NOT trade their assets on Wall Street.
That all changed in 1999 with the repeal of the Glass-Seagall Act and the introduction of the Gramm-Leach-Bliley Act. This bill allowed banks to package securities. They could take a mortgage loan’s note (a future intangible payment stream) and change it unlawfully, (failing to comply with the terms contained within the note), into stock to be sold on Wall Street. So instead of waiting the customary 30 years to get 2.5 times the value of the loan, they got 1.05 to 1.5 times their money immediately be selling mortgage backed securities.
Investors investing in stock bought the lender’s securitized loans and, voila, no more bank-owned loans!
Since 1999 the banks knew these loans were destined for Wall Street, so they slacked off on their strict lending underwriting. Just about anyone who could sign a note was given a loan.
Since these loans were irreversibly changed into stock, the homeowner’s original loan no longer exists as an enforceable contract in court! (Notice the decline in foreclosure applications in the news.) According to Vince Khan, the author of Foreclosure Defense Guidebook, “Once a loan is closed, it quickly gets put into a PSA (Pooling and Service Agreement. This is then registered with the SEC (Securities and Exchange Commission) as a REMIC Trust ( Real estate Mortgage Investment Conduit)… Once this REMIC if formed, it gets converted into a security that is traded on Wall Street…Your loan is now owned by thousands of shareholders all over the world.”…He adds, “furthermore, the state of the loan is changed. YOUR LOAN HAS BEEN CONVERTED INTO STOCK…..Once a loan has been securitized, it forever loses its security, i.e, the Deed of trust or the ability for the bank to foreclose on your home.”
“A loan is what’s called a negotiable instrument. There are laws governing negotiable instruments called the Uniform Commercial Code. Specifically, the right for a bank to enforce and foreclose on a property is subject to the claimant being a real party of interest. For the party to be a creditor of a negotiable instrument there needs to be a proper chain of endorsement from the original lender to the party wishing to enforce the note. If the loan has been sold, then the bank can no longer claim they are a real party of interest.
A negotiable instrument can only be in one of two states when it undergoes securitization, not both at the same time. It can either be a loan (and treated and governed as such) or a stock (and treated and governed as such.) Once it is traded as a stock, it is forever a stock. It is treated as stock and regulated by the SEC as a stock.”
In conclusion: No bank can foreclose! Any attempt to foreclose is FRAUDULENT because in court neither the bank nor the investors are the real and beneficial party of interest! To attempt to foreclose without standing is FRAUD on the court! (Note the current drop in foreclosures!)
Finally, according to various progressive economists, banks cost household nearly $20 trillion in wealth by causing bubbles and bursting them. Now, banking executives, mortgage servicers, appraisers, broker companies, and law firms have perpetuated a fraud (knowingly or unknowingly) and have gained substantially from the foreclosure scam.
With that in mind, I petition you to send a great message to the bankers who have lied to you, the American people, and committed fraud on your country and its courts; courts that should be courts of law, not courts of men.
WHAT TO DO? Declare for yourself your home free and clear of any fraud! A free home that you can occupy with NO MORE mortgage payments!
Remember: You have created the credit the bank lent you, and you created the value in your home by living there and taking care of it—Don’t let the banksters steal YOUR HOME from under you with their unlawful fraudulent practices.
David Snieckus
Newton, MA 02466
617-964-2951
Six things I found out:
1. You may already OWN your own home!
2. The bank NEVER gave you any “consideration” (actual $ Money) for the loan.
3. The loan may likely have been changed into stock and sold on Wall Street.
4. Investors bought these securitized loans as “stock”.
5. The loan is GONE when it is securitized! Also…..
6. Electronic Negotiable Instruments are not legal for foreclosures.
– see 15 U.S.C. chapter 96, Subchapter 1 sections: 7001- 7003